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Tag Archives: energy markets

Asian stocks lifted by optimism on oil prices, Wall Street

TOKYO (AP) — Asian stocks logged solid gains Wednesday, cheered by a rally on Wall Street, although oil prices erased some of the recent big gains that had relieved among global investors. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 2.6 percent to 16,341.01 in morning trading. Hong Kong’s Hang Seng gained 2.3 percent to 20,970.31, while the Shanghai Composite index ...

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Chesapeake Energy maintains $4 billion credit facility

NEW YORK (AP) — Shares of Chesapeake Energy soared Monday, after the natural gas producer said it was able to amend terms with its lenders and maintain a revolving credit facility at $4 billion. A revolving credit facility allows companies to withdraw money from lenders when needed. In a research note Monday, Citi Research analyst Marisa Moss said the amended ...

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Stocks rise ahead of company earnings reports

NEW YORK (AP) — U.S. stocks were slightly higher in afternoon trading Monday as investors wait for first-quarter company earnings to start rolling in. Overseas markets were also rising as investors hoped for more stimulus in China, the world’s second-largest economy. KEEPING SCORE: The Dow Jones industrial average was up 79 points, or 0.5 percent, to 17,654 as of 2:25 ...

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Venezuela orders long weekends to stave off power crisis

CARCAS, Venezuela (AP) — Public employees in Venezuela will take long weekends for two months under the government’s latest bid to ease a nationwide power crisis. President Nicolas Maduro announced late Wednesday that he would sign a decree giving state workers a Friday furlough for 60 days. Together with other measures, he hopes to reduce electricity consumption by at least ...

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US stocks skid in early trading, oil prices slip

NEW YORK (AP) — U.S. stocks are sinking broadly Thursday morning. Banks and mining and metals companies are taking some of the biggest losses. Oil prices are inching lower after a 5 percent jump a day earlier. KEEPING SCORE: The Dow Jones industrial average fell 100 points, or 0.6 percent, to 17,615 as of 10:04 a.m. Eastern time. The Standard ...

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US stocks edge mostly higher in early trading

NEW YORK (AP) — Stocks are wobbling in early trading Wednesday. Health care companies are trading higher, energy companies are rising along with the price of oil and telecommunications companies are slipping. Indexes have slumped over the last two days and the market is coming off its worst day in about a month. KEEPING SCORE: The Dow Jones industrial average ...

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